Local News
TCL’s Revenue and Profit Rises
For the three months ending March 31, 2026, the TCL Group’s consolidated revenue closed at TT$620M, representing a 1% year‑on‑year (YoY) decrease compared to Q1 2025. This largely reflects a lower performance in the local market in Trinidad and Tobago, partially offset by stable domestic cement sales in Jamaica.
Growing Debt Threatens Budget Sustainability, Economists Argue
Under the weight of shrinking fiscal space, weak economic growth and mounting debt obligations, T&T’s public finances are facing increasingly hard choices.
FTC Opens Consultations On Agostini, Prestige Merger
The Fair Trading Commission (FTC) has opened the public consultation phase for the proposed merger between Agostini Ltd and Prestige Holdings Ltd, marking the first formal step in a long-delayed competition review that is now back on track after months of regulatory limbo.
ODA Raises Alarm
The Owner Dealers Association has raised questions over the structure of fuel subsidy payments, calling for a review of how the funds are channelled within the downstream distribution system.
Digicel Reprices Loan Amid Turnaround Signs
Digicel has successfully repriced its term loan due in 2032. In a news release on Friday, the telecommunications company explained, “The transaction lowers Digicel’s borrowing costs on its existing debt and reflects improved operating performance, disciplined financial management, and continued progress since its refinancing last year.
NCB Merchant Bank To Guide WITL’s Expansion Drive
NCB Merchant Bank (Trinidad and Tobago) Ltd has been appointed financial advisor to West Indian Traders Ltd (WITL) as the company advances a major expansion plan aimed at strengthening its distribution network across the country and the wider Caribbean.
Chambers Warn Of Investor Risk
The business community has expressed concern over the level of crime in Trinidad and Tobago over the weekend. Between April 18 and 19, Anuska Eversley, 38, an acting corporal, was killed and a stockpile of guns and ammunition stolen from the San Fernando City Corporation Municipal Police station.
CAL, TTALPA Conclude Negotiations, Sign Agreement
Caribbean Airlines Limited and the Trinidad and Tobago Airline Pilots Association (TTALPA) have signed a collective agreement covering the period September 1, 2020, to August 31, 2023, bringing closure to prolonged negotiations between the parties and marking a significant step in stabilising industrial relations at the national carrier.
Tobago Targets Latin America For Visitor Growth
Tobago is targeting Latin America as a new source market for visitor growth, as the Tobago Tourism Agency Ltd (TTAL) intensifies efforts to diversify arrivals amid shifting global travel patterns.
Regional News
BP Signs MoU With Venezuela For Loran Field
BP and the Venezuelan government signed a memorandum of understanding (MoU) for the exploration of natural gas in the Loran offshore area, international news agencies reported yesterday.
Guyana Exploring Mass Transit System To Complement Road Network
President Dr. Irfaan Ali has signalled a major shift in the country’s transportation strategy, stating that the government is actively examining the development of a modern mass transit system to complement the rapidly expanding road network.
Region Still Suffering From COVID Impact, Says OECD, IDB Report
Below-average labour productivity, increasing debt ratios following the COVID-19 pandemic and limited foreign direct investment have severely impacted growth in the Caribbean.
Gov’t Exploring Agro-Tourism Expansion
Agriculture Minister Floyd Green says his ministry is working with the Ministry of Tourism to explore the expansion of agro-tourism to boost visitor experience in this south-central parish.
Guyana Signs Agreement With IFC
Guyana has signed an agreement with the International Finance Corporation (IFC) establishing the institutional framework for the operations of all World Bank Group entities in Guyana and strengthening support for private sector development, job creation, and sustained economic growth.
Tariff Battle Looms Over $350M Green Hydrogen Plant
Barbadians will be able to own nearly one-third of a $350 million hybrid renewable energy power plant that promises more stable electricity bills but not necessarily cheaper ones, Barbados TODAY can reveal exclusively.
Guyana Pitched As Strategic Destination For Qatari Investments
President, Dr Irfaan Ali has positioned Guyana as an important destination for Qatari investment, citing the country’s geographic advantage and market potential during an official telephone conversation with His Highness, Amir Sheikh Tamim bin Hamad Al Thani, on Monday.
Caribbean Must De-Risk Gas Investments
Executive chairman of The Cenergy Ltd, Dr Joseph Khan, says the Caribbean’s energy future will depend less on resource availability and more on execution, institutional strength, and the region’s ability to build a coordinated gas economy, as he addressed policymakers and industry leaders at a regional energy forum in Paramaribo, Suriname, last week.
IMF Says Haiti Meets Targets
The International Monetary Fund (IMF) said yesterday that as of the end of December last year, Haiti has met all targets under the existing Staff Monitored Programme (SMP), including on international reserves accumulation, primary balance, revenue collection, monetary financing and social spending.
International News
Brent Oil Is Stressed, Not Broken, By War, Morgan Stanley Says
The growing stress in the oil market triggered by the Middle East war is showing up in huge premiums for prompt real-world barrels, with the wider Brent complex working as it should, according to Morgan Stanley.
Stocks Drop And Oil Climbs Before Iran Deadline
Stocks fell and oil advanced in the countdown to US President Donald Trump’s Tuesday evening deadline for Iran to agree to a ceasefire or face escalation.
Adobe Shares Drop After CEO Exit Adds To AI-Disruption Concerns
Adobe’s shares plunged 9% in premarket trading on Friday after the Photoshop maker said CEO Shantanu Narayen would step down after 18 years at the helm, unsettling investors already wary of AI-driven disruptions to the design software market.
Nvidia To Focus On Competition-Beating AI Advances At Megaconference
When Jensen Huang strides onto the stage of a packed hockey arena to kick off Nvidia’s (NVDA) annual developer conference on Monday, he is likely to reveal products and partnerships geared toward keeping the AI chipmaker atop a growing array of competitors.
Apple Cuts China Fees In Big Concession To Beijing And Tencent
Apple Inc. is lowering the fees it collects from app developers in China, a major concession in a hugely lucrative market where the company faced the risk of antitrust intervention by local regulators.
Gold Heads For Weekly Drop As Mideast War Keeps Oil Prices High
Gold (GC=F) steadied on Friday, but headed for a second weekly decline as the war in the Middle East kept oil near $100 a barrel, underpinning global inflationary pressures.
US Stock Futures Are Steady As Oil Trims Its Surge
US equity futures steadied after three days of declines as oil prices eased off the day’s highs and investors waited to see if the war in the Middle East would escalate further.
Drone Strikes Damage Amazon Data Centers In The UAE and Bahrain
Amazon.com Inc.’s cloud unit warned of prolonged disruptions to its services after revealing that drone strikes damaged three of its data centers in the Middle East in recent days.
Sportswear Brand On Sees Possible Boost From Lower US Tariff Rate
On Holding sees lower U.S. tariff rates after the Supreme Court struck down the government’s emergency levies as a possible boost for the fast-growing Swiss sportswear brand, CEO Martin Hoffmann said on Tuesday as it delivered strong quarterly results.
Reports
Offshore Series Factsheets – Q1 2026
Pelagic Series Factsheets – Q1 2026
Portfolio Snapshot Q1 2026
Local Market Outlook – Q1 2026
March 2026 -Earnings Update
Economic Outlook- FEB2026
The global economy is expected to remain resilient, with the IMF projecting global GDP growth at 3.3%. Expansion is expected to be supported by technology-related investment and easing financial conditions. Disinflation is ongoing across many economies, though progress towards central bank targets remain uneven. Trade and investment may also show modest improvements, if policy uncertainty declines. However, downside risks remain, with a potential re-escalation of tariffs pressures, rising geopolitical tensions —particularly as U.S.–Iran relations worsen, increasing the likelihood of energy-market and shipping disruptions—and weaker-than-expected productivity posing threats to the outlook. Nonetheless, some upside potential remains if conditions stabilize. We will continue to monitor global developments and adjust as conditions evolve.
Earnings Update – FEB 2026
February earnings were mixed, though results were broadly resilient across listed companies. Conglomerates and trading companies posted generally solid results, with Massy Holdings (MASSY) starting its financial year with higher revenue and profit, supported by strength across its diversified portfolios. A.S. Bryden & Sons Holdings (ASBH) also delivered revenue growth, largely driven by contributions from recent acquisitions. Agostini Limited (AGL), on the other hand, reported modest revenue growth alongside slightly lower profitability due to pressures in the Trinidad and Tobago market.
US Rate Watch JAN 2026
On Jan 28, 2026, the Federal Open Market Committee (FOMC) voted to maintain the target range for the federal funds rate at 3.50% – 3.75%. This decision was in line with expectations and was supported by steady growth, signs of stabilization in the unemployment rate, and persistent inflation.
Local Equity Report Jan2026
Domestically, real GDP grew by 3.1% in Q2 2025, following a 7.6% contraction in Q1, as higher energy production partially offset sluggish non energy sector activity. Inflation remained low, 0.5% in November, but was up from 0.4% in October. Private sector credit growth slowed to 6.3% year-on-year in October, and consumer lending moderated to 8.0%. Labour market conditions improved, with unemployment falling to 3.8% in June 2025.